Page 18 - Deficit Problem News Today

There are two kinds of approaches to this. the one approach says weve got this deficit problem, and we want to address it. the other is the norquist approach, which is really more about reducing government to its irreducible core. and that is an indiscriminate sort of slashing. thats the wrong path for the country. and thats the path we cant take. >> things have changed so much since i was there. you talk about discretionary versus mandatory. when i was there back in the 90s, you could actually ...

Have also frightened people yesterday. by telling cnbc the white house is prepared to go off the fiscal cliff, unless the republicans bend on taxes. comment by former democratic presidential candidate howard dean frightened republics that this debate is not just about raising taxes on the rich. >> the truth is, even needs to pay more taxes. not just the rich. that is a good start. we are not getting out of the deficit problem unless we raise taxes across the board and go back to what bill clinto...

Our way out of this deficit problem. we are going to need more revenues. in order to do that that start with higher rates for the folk at the top. the reasonien, the reason i say that is not to punish success or go after folk just because they are wealthy. its a simple proposition that you cant raise enough revenue and if you dont raise enough revenue through closing loopholes abductions, its going to be middle class families that make up the difference. bill: john boehner will speak later this ...

They may be way apart in terms of the lessons learned. think -- they clearly dont seem to have learned very many from this election. but house republicans have put in their initial offer here. and you know, the problem for house republicans is not only have they not looked at the polls, maybe they are choosing their own before the election, but not only are they not looking at the same numbers, but they are trying to address a different problem. they think entitlements are the only thing that ma...

Their own before the election, but not only are they not looking at the same numbers, but they are trying to address a different problem. they think entitlements are the only thing that matters. thats the longer term issue. it isnt even dealing with the deficit problem that needs to be dealt with. as long as they are engaging, something is going to move here. >> molly, the priorities in these plans couldnt be more different with republicans getting almost everything through cuts. how could the w...

Have they nod looked at the polls, maybe they are choosing their own before the election, but not only are they not looking at the same numbers, but they are trying to address a different problem. they think entitlements are the only thing that matters. thats the longer term issue. it isnt even dealing with the deficit problem that needs to be dealt with. as long as they are engaging, something is going to move here. >> molly, the priorities in these plans couldnt be more different with republic...

They think the republicans will cave on everything. i think republicans should walk away. >> eric: so on tuesday, i remember -- >> andrea: i floated the idea and i said why cant republicans vote present? let obama have his bill or not show up. a lot of members wouldnt show. they would book dentist appointment or pull a hamstring and let him get his way and own the fiscal cliff debacle. >> eric: its not a bad call. this could be terrible for the economy and hurt jobs and businesses. but honestly,...

About a long-term deficit problem. weve got a deficit problem right now that you can deal with right now with taxes. going up on this particular bloc. that is not a small thing for the deficit right now. thats what were talking about. >> oh, i know. >> we have to deal with the short-term deficit and a long-term one. >> thats why ive said around this table republicans should be more responsible about bringing in more revenue. but i will be damned if i will support any tax increase that is not met...

Rarefied air so much, you kind of get intoxicated, but the reality is still the reality. and businesses and individuals make these choices. and yet you have some folks out here, as you just showed, consumers are, like, okay, i can still get my iphone, and i can still go on and do the things i do to help this economy churn. businesses have pulled back a little bit, but no one has this sense of, you know, understanding and appreciating exactly what happens. >> my rue is that going over the cliff i...

Cliff, you need to address the drivers of our debt. >> we know that the only way we can solve our long-term debt and deficit problem is to fix the unsustainable growth rates of our very popular entitlement programs. the president has from time to time indicated an openness to that. now is the time to actually do it. >> 42 business groups sent a letter to leaders of congress asking them to do tax reform to lower tax rates and also address entitlement reforms. >> shepard: democrats say they want m...